WW International and LifeMD fall as Eli Lilly launches website for weight-loss drug

 ** Shares of WW International WW.O and LifeMD LFMD.O fall 13% and 20%, respectively, after Eli Lilly LLY.N launches website for weight-loss drug

** U.S. drugmaker LLYlaunched a website that will allow people with obesity to get prescriptions through telehealth providers and opt for home delivery of the company's weight-loss drug

** Shares of weight-loss services company WW International WW.O, earlier known as WeightWatchers, down 13.6% at $6.60

** Shares of direct-to-patient telehealth services provider LFMD fall 20% to $6.20

** LFMD, in December,entered into an agreement with health and wellness company Medifast MED.N that sells a variety of weight loss, weight management and healthy living products

** LFMD stock gained 327.3% in 2023

** WW stock more than doubled in 2023, boosted by its acquisition of subscription telehealth platform Sequence to enter the obesity drug prescription business

https://www.xm.com/research/markets/allNews/reuters/ww-international-and-lifemd-fall-as-eli-lilly-launches-website-for-weightloss-drug-53731311